{"id":884,"date":"2006-09-13T09:36:00","date_gmt":"2006-09-13T09:36:00","guid":{"rendered":"http:\/\/maddruid.com\/wp\/?p=884"},"modified":"2010-04-12T00:04:59","modified_gmt":"2010-04-11T13:04:59","slug":"882-of-controlling-price-to-curb-shortage","status":"publish","type":"post","link":"https:\/\/maddruid.com\/?p=884","title":{"rendered":"[882] Of controlling price to curb shortage"},"content":{"rendered":"

In economics, price ceiling introduces shortage given the right condition.<\/p>\n

In Malaysia, price ceiling combats shortage in the same condition<\/a>:<\/p>\n

Controlling prices to ease sugar shortage
\n13 Sep 2006
\nFay Angela D’cruz<\/p>\n

KUALA LUMPUR: Fine sugar has been made a controlled item, with its price fixed at RM1.55 per kg in West Malaysia, and RM1.65 per kg in Sabah and Sarawak.<\/p>\n

This move follows the tendency among refineries to produce more fine sugar as it was not a controlled item, resulting in the shortage of coarse sugar in the market.<\/p>\n

Before the decision, fine sugar was sold between RM1.90 and RM2.50 per kg. Coarse sugar is controlled at RM1.40 per kg.<\/p>\n

Domestic Trade and Consumer Affairs Minister Datuk Shafie Apdal announced the decision, which is effective from today.<\/p>\n

He said the government hoped the move would help solve the coarse sugar shortage in the retail market.<\/p><\/blockquote>\n

May a higher being saves us all.<\/p>\n

For previous entries on sugar shortage, see post [824] Of sugar: price ceiling and oligopoly<\/a>, [810] Of doctor says sugar is unhealthy<\/a> and [763] Of honey, ah sugar sugar<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

In economics, price ceiling introduces shortage given the right condition. In Malaysia, price ceiling combats shortage in the same condition: Controlling prices to ease sugar shortage 13 Sep 2006 Fay Angela D’cruz KUALA LUMPUR: Fine sugar has been made a controlled item, with its price fixed at RM1.55 per kg in West Malaysia, and RM1.65 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-884","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=884"}],"version-history":[{"count":2,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/884\/revisions"}],"predecessor-version":[{"id":6446,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/884\/revisions\/6446"}],"wp:attachment":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}